Appliances to the countryside and trade-in or connection policies

Chen Deming, Minister of Commerce, pointed out at the annual National Business Work Conference yesterday that with the end of the year, home appliances to the countryside and the end of the old-for-new policy, the need to sum up experience and timely research and development of alternative connection policy.

Last year's foreign trade situation was much better than the market estimated. According to the conference information, it is estimated that the total import and export volume in 2011 will reach 3.6 trillion U.S. dollars, an increase of over 20%, and the trade surplus will continue to narrow, and is expected to be around 160 billion U.S. dollars.

Previously, China's exports have experienced continuous decline for four months, and some market participants even thought that the year-end growth rate will reach a single-digit year-on-year growth.

In respect of domestic demand, Chen Deming pointed out that the urban and rural residents' consumption in China is expected to reach 18 trillion yuan in 2011, an increase of about 17%.

"Growing growth" has been ranked first by the Ministry of Commerce, and efforts to promote domestic trade to expand consumption have also become the focus of work.

Chen Deming pointed out in the report that in the coming year, the Ministry of Commerce will work hard to maintain steady growth in exports. In particular, the export tax rebate system, which is quite concerned with foreign trade companies, will also remain stable. This is undoubtedly a guarantee for the foreign trade industry. Earlier, several people close to the decision-makers told the "First Financial Daily" that starting from the beginning of last year, based on the consideration of controlling inflation, a series of tightening policies were adopted and a large number of foreign trade companies felt the pressure. There is also a view that China's trade imbalance is due to too many exports. Under the influence of this idea, in 2011, the country also conducted a series of investigations on processing trade policies and export tax rebate policies. The market has also been circulating that the new policy of export tax rebate will be introduced before October 1. This policy orientation has made exporters under pressure uneasy and has also awakened their memories of the days before the 2008 financial crisis. At that time, under the influence of this trend of thought, a series of "pressure-export" policies including the reduction of export tax rebates were introduced. The financial tsunami accelerated the collapse of a number of foreign trade enterprises.

On the 4th, the Ministry of Commerce announced on its website the “Key Tasks and Key Tasks for Business Development in the Twelfth Five-Year Plan”. The goals of “expanding domestic demand” and “going out” have been quantified for the first time.

The average annual increase in imports and exports of goods is about 10%. In 2015, it reached US$4.8 trillion, and the average annual increase in service trade was over 11%. In 2015, it reached US$600 billion. The balance of trade continued to improve, and the trade structure was continuously optimized. The new competitive advantage with technology, brand, quality, and service as its core was accelerated.

In terms of domestic demand policies, on October 25, 2011, the Ministry of Commerce, the Ministry of Finance, and the People's Bank of China jointly issued the “Opinions on Doing a Good Job of Enlarging Consumption during the Twelfth Five-Year Plan” (hereinafter referred to as “Opinions”), clarifying The guiding ideology, basic principles, major tasks, and financial and financial support policies for expanding consumption in the “Twelfth Five-Year Plan” business area.

This is China's first domestic trade plan. Basic consensus has been reached at the ministerial level and relevant guidance has been issued.

Zhang Yimin, director of the Consumer Promotion Department of the Ministry of Commerce’s Market Operations and Consumption Promotion Department responsible for formulating the “Opinions”, told the reporter earlier this week that specific projects are being negotiated with the Ministry of Finance and the People’s Bank of China, and that the fastest projects will not be until 2012. forming. "Because of the specific implementation, there must also be financial and credit support." He said, "According to the current situation, we mainly encourage consumption in three directions: public services, green services, and safe consumption."